Individual Unit Costs
- Initial Investment: $350,000
- Initial Franchise Fee: N/A
- Royalty Fee: N/A
- Advertising Fee: N/A
Full Answer
Who is the largest go kart operator in the world?
When was K1 Speed founded?
What is a K1 speed?
How long did it take K1 to reopen?
Is K1 Speed expanding?
Does K1speed care about customers?
Is K1 Speed an international franchise?
See 4 more
About this website
How much does it cost to start a Go Kart company?
The average go-kart business can cost up to $300,000 to start, due to a plethora of startup costs. Owners will need to supply a warehouse, a multitude of karts, gasoline, maintenance tools, insurance, track materials, and safety equipment.
Are Go Kart tracks profitable?
Go-karts can be a very profitable venture. You'll need a good location, appealing track design, and great service and you can be successful.
Who owns K1 Speed?
David DanglardDavid Danglard is the founder and CEO of K1 Speed. K1 Speed opened its first U.S. franchise in July in Bend, Oregon. International franchises started in 2016 to address the demand for indoor kart racing. International expansion includes locations in France, Mexico, South Korea, Canada, China and Puerto Rico.
Who owns Pole Position Raceway?
Pole Position Raceway was created in September 2005 in Corona, California, by co-founders Jason Williams and Ken Faught.
How do I start a small go-kart business?
So we've collected the 10 simple steps to take before launching the karting startup.Business plan. Always start with detailed business planning. ... Memberships & Passes. Then, think about the model you'd like to work with. ... Taxes. ... Professional team. ... Bank account. ... Business accounting. ... Permits and licenses. ... Insurance.More items...•
How much does it cost to build a karting circuit?
This amount of land use, and all the parts that come with putting a go kart track together, could cost around $70,000-$80,000, depending on property values in your area. This amount could be less if you already own the land, or more if you factor in the cost of the go karts themselves.
How much does K1 Speed make a year?
Average K1 Speed hourly pay ranges from approximately $9.93 per hour for Ride Operator to $25.92 per hour for PPC Specialist. The average K1 Speed salary ranges from approximately $18,000 per year for Customer Service Associate / Cashier to $184,648 per year for General Manager.
How many K1 speeds are there in the United States?
K1 Speed has 59 locations across the United States, Canada, Mexico, Dominican Republic, South Korea, Puerto Rico, Kuwait, Italy, China and France.
What kart does K1 use?
K1 Speed uses all-electric go karts imported from Italy. These electric karts produce zero emissions so you can breathe easy and not reek of exhaust when you leave. Plus, they produce instant torque (power), have super nimble handling, and approach speeds of 45mph! No family fun center go karts can do all that.
Did K1 buy pole position?
, Aug. 2, 2022 /PRNewswire/ -- K1 Speed, the world's largest indoor go kart racing operator, announces today their acquisition of Pole Position Raceway and its two company-owned karting centers in Las Vegas, Nevada and Corona, California.
What are pole positions in f1?
Pole position Arguably the best-known phrase in Formula 1, this is the most favourable place for a car to start the race in, situated on the inside of the front row. It's a place that has to be earned, with the top spot going to the driver with the fastest time in qualifying. Pole position.
Can you make money racing go-karts?
Some reports have stated that go-kart racers can earn up to $130,000. That, however, is rarely the case, with most drivers earning $10,000 or less from winning tournaments. If you're not racing on an international level, you'll likely not make any money from racing.
How many acres do you need for a go-kart track?
General Space RequirementsOUTDOOR TRACK TYPEDIMENSIONSAVERAGE SQUARE FT.1,000′ Track52,500 sq. ft. (1.21 acres; up to 25 karts)1,200′ Track65,000 sq. ft. (1.5 acres; up to 30 karts)Family Tracks (include pit and maintenance space – approx. 40′ per gas kart; approx. 30′ per electric kart)2 more rows
Is owning a motocross track profitable?
If you already own the land and some equipment and have a lot of riders within 2 hour driving distance then yes very profitable. I believe a successful track will have between 80-150 riders per day x $20 each.
How much does a racing track cost?
Building the track cost around $270 million and then comes the hosting fee as well as the annual running costs which, at around $18.5 million, are far lower than those for a street race. It means that over a typical ten-year period, building a grand prix circuit and hosting an F1 race costs around $933.1 million.
Franchise Application | K1 Speed
I understand that the granting of a franchise is at the sole discretion of the Franchisor (Doctor’s Associates Inc., Subway Franchise Systems of Canada, Ltd., Subway International, B.V, Subway Systems do Brasil Ltda., Subway Partners Colombia, C.V., Subway Systems India, Private Limited, Sandwich and Salad Franchises of South Africa, (Pty) Ltd, Subway Systems Australia, Pty. Ltd. or its ...
K1 Speed Franchise Overview
Franchising.com franchise profile for K1 Speed. Find detailed business information such as news, financials, franchise history and other corporate data on K1 Speed.
How to Start an Indoor Go Kart Business in 2022 - ProfitableVenture
Indoor go kart business is part of the Golf Driving Ranges & Family Fun Centers industry and businesses that operate in the industry basically provide recreational and amusement services through a variety of establishments, which includes golf driving ranges, miniature golf centers, go-kart racetracks, batting cages, family fun centers, recreational sports leagues and a host of outdoor ...
Indoor Kart Racing | K1 Speed
Have you dreamed of starting your own indoor go kart racing business? Then open a franchise with the world’s largest operator – K1 Speed! Since 2003, we’ve expanded the presence of our upscale family entertainment centers across the globe year after year.
Working at K1 Speed: 60 Reviews about Pay & Benefits | Indeed.com
K1 Speed is I fun place to work as many of the other employees usually get along with each other and try to have fun. But the management side is horrible and worse at times the management side of this company is not set up for the size it is , it takes forever to get raises (and we are not paid what we are worth) the reason it takes forever is because out of their 100s of stores they have one ...
What Does a Kart Trax Franchise Cost?
To buy a franchise with Kart Trax, you'll need to have at least $100,000 in liquid capital. Franchisees can expect to make a total investment of at least $500,000. They also offer financing via 3rd party. *
What is a kart trax?
A unique "one stop shop" offered nowhere else in the industry. Kart Trax has partnered with the best providers of equipment, spare parts and operational support services, enabling you to recognize the cost benefits of economies of scale. Our over 25 company wide supplier-relationships span from proprietary go-karts, timing and scoring systems, safety barriers, concession equipment, arcade redemption supplies, liability insurance and spare parts just to name a few.
What does electric go kart mean?
Electric-powered go-kart engines mean: Environmentally friendly facilities--no noise or air pollution issues to contend with. No purchasing, storage, handling, or disposing of fuels like gasoline, propane and methanol, and subsequently, no re-fueling of karts.
Who is the largest go kart operator in the world?
Have you dreamed of starting your own indoor go kart racing business? Then open a franchise with the world’s largest operator – K1 Speed !
How long did it take K1 to reopen?
The K1 team helped us to completely retrofit an old looking center into a very bright and inviting place. We were able to re-open the center in only 45 days.
What is a K1 speed?
Offering highly-advanced and environmentally-friendly electric go karts as well as authentic racing memorabilia, a Paddock Lounge café, private meeting rooms and game areas, K1 Speed is an upscale family entertainment center to visit with family and friends or to host a corporate event or party.
Where is K1 Speed located?
As a result, K1 Speed can now be found outside the United States in 12 locations and 6 different countries around the world: Mexico, Canada, Puerto Rico, South Korea, China, and France. An additional 8 locations in 6 countries are planned to open in 2021 alone, with expansion into Italy and Panama.
Is K1 Speed expanding?
K1 Speed is looking to expand across the United States. Based on our research, we’re specifically targeting the locations that appear below. If your desired city is not listed, you can still submit a form. You will then be notified when new opportunities in that area become available.
Does K1speed care about customers?
K1speed care about customers as same treatments as in US, professional training to my Chinese staff while they know what to do in every circumstance to satisfy our customers.
Is K1 Speed an international franchise?
K1 Speed is offering both international franchises, and opportunities for select US states . If you are interested in opening a K1 Speed please fill out the form below.
How much does it cost to start a go kart business?
The average go-kart business can cost up to $300,000 to start, due to a plethora of startup costs. Owners will need to supply a warehouse, a multitude of karts, gasoline, maintenance tools, insurance, track materials, and safety equipment. Facility rent is approximately $2,400 to $4,000 per month, depending on the facility’s size and maintenance needs.
How much does a go kart business make?
While a go-karting business can cost a lot to open, its profits can be large. LLC go-kart businesses can make between $500,000 and $700,000 yearly, if they’re smart about attracting and retaining visitors. However, it’s a good idea to join a franchise to increase service reliability.
How does a go kart track make money?
An independent go-kart track makes money from either individual rides or monthly memberships. Again, successful tracks utilize ongoing payment “packages” to ensure visitors return. Basic go-kart tracks make money from races, but some may charge extra for site-provided safety equipment. Small amenities, like food and drinks, can make a go-kart track money, too.
Why is go kart racing dangerous?
Because go-kart racing can be incredibly dangerous, preferred clients are those who abide by location rules and who don’t drive recklessly. Understandably, go-karting caters to younger crowds. For this reason, family units are great customer types—if only to enhance a younger rider’s safety.
What is a go kart business?
A go-kart business offers indoor racing opportunities for go-kart enthusiasts. Races include go-kart rentals, track use, and other race-related activities. Modern go-kart businesses grant drivers the opportunity to engage in low, medium, or high-speed races on indoor race tracks. Services include go-kart rental, safety gear rental, custom race options, and by-the-hour track use. A go-kart business can be a standalone entity or exist as part of a larger entertainment center, park, or public attraction.
Is a go kart track profitable?
Go-kart tracks are normally found within arcade complexes, so consistent memberships, on average, are more profitable than single-use riders. A go-kart track profits from ongoing bulk service packages, as they assure consistent services and a constant stream of revenue.
Is it safe to go kart?
Firstly, a firm understanding of driver safety, insurance, and premises maintenance is important. Go-karting is incredibly dangerous, and many go-kart businesses must stand strong against legal scrutiny for their sake and for the sake of their customers.
Who is the largest go kart operator in the world?
Have you dreamed of starting your own indoor go kart racing business? Then open a franchise with the world’s largest operator – K1 Speed !
When was K1 Speed founded?
Founded in 2003, K1 Speed has grown to become the premier indoor go kart racing company worldwide. With over 50 kart racing locations across the globe, K1 Speed brings the thrill and excitement of indoor karting to a large audience.
What is a K1 speed?
Offering highly-advanced and environmentally-friendly electric go karts as well as authentic racing memorabilia, a Paddock Lounge café, private meeting rooms and game areas, K1 Speed is an upscale family entertainment center to visit with family and friends or to host a corporate event or party.
How long did it take K1 to reopen?
The K1 team helped us to completely retrofit an old looking center into a very bright and inviting place. We were able to re-open the center in only 45 days.
Is K1 Speed expanding?
K1 Speed is looking to expand across the United States. Based on our research, we’re specifically targeting the locations that appear below. If your desired city is not listed, you can still submit a form. You will then be notified when new opportunities in that area become available.
Does K1speed care about customers?
K1speed care about customers as same treatments as in US, professional training to my Chinese staff while they know what to do in every circumstance to satisfy our customers.
Is K1 Speed an international franchise?
K1 Speed is offering both international franchises, and opportunities for select US states . If you are interested in opening a K1 Speed please fill out the form below.